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Italy

Factoring fraud at Parmalat under investigation

The Bologna public prosecutor's office last week began an investigation into the possibility of factoring fraud at the failed Italian food group Parmalat. The alleged offences are said to have cost Italian factoring company Emil-Rofactor around L15bn (Ђ7.5m). Bologna’s prosecuting...

#factoring fraud#financial services#Italian factoring

The Grand Hotel Parco dei Principi, Rome – update

BCR has spoken to staff at the Grand Hotel Parco dei Principi in Rome, the venue for BCR’s recent international…

#conference#international#international factoring


Fortis opens Fortis Lease Italia in Milan

In June 2003, Fortis Lease Group announced its intention to have a branch of its own in every country in…


MPS Leasing & Factoring first full year net profit

Monte dei Paschi Leasing & Factoring (MPS) have announced a net profit of Ђ6m, and total commissions of Ђ4bn in…


Banca Intesa's factoring unit profit up 27%

Intesa Mediofactoring, a unit of Banca Intesa SpA has announced its full year net profit, which rose 27.1% to Ђ28.2…


Parmalat enquiry finds securitisation of false invoices

Prosecutors investigating the collapse of Italian food group Parmalat yesterday seized documents from Archimede Securitization, a unit of Italian factoring…


Sanpaolo IMI, the EIB and Fiat in SME loan...

Factoring company Sanpaolo IMI, the European Investment Bank (EIB) and Fiat will sign a memorandum of understanding in Turin to…


MPS Foundation acquires stake in SME finance company

The board of administration of the Monte dei Paschi di Siena (MPS) Foundation agreed an investment in Finanziaria Senese di…


Exports down by 4.6% in first 3 quarters of...

The value of Italian exports has gone down by 4.6% in the first 3 quarters of 2003 compared to data…


Network of offices to promote Lombard companies for exports

An agreement for the start of a network of regional offices to promote the process of internationalisation and development of…


Sanpaolo IMI signs an agreement with SACE for Iraq

The Institute for Insurance Services for Foreign Trade (SACE) and Sanpaolo IMI have signed a Memorandum of Understanding for short-term…

#bank#exporters#international


Confidence up from 90.4 to 93.5 in Q3 in...

Manufacturing and processing companies in Milan are more confident, but companies in the service industry are still predominantly negative, except…

Novaumbria promotes schemes for start-up businesses

Sviluppumbria, the chambers of Commerce in Perugia and Terni, Gepafin, Sviluppo Italia Bic Umbria Spa, provincial administrations and related business…

#management

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